CMA LAW: The Capital Markets Authority Announces Filing a Report with the Prosecutor General Regarding the Occurrence of Crime

The Capital Markets Authority announces filing a report with the Prosecutor General on 21/11/2024 regarding the occurrence of the crimes stipulated in Article (125) and (150) of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments, and Items (6 ,7) of Article (21) of Law No. 3 of 2006 Regarding Press and Publications, and Article (6) of Law No. (63) of 2015 Regarding Combating Cyber Crimes, and Article (18) of Law No. 8 of 2016 Regarding the Regulation of Electronic Media. The defendant (an electronic newspaper) published, through its website on 06/11/2024, false claim that the CMA took and action or decision that it did not actually take. It claimed contrary to the truth that the Capital Markets Authority notified certain senior officials of their retirement and mentioned the name of one of them. Moreover, the newspaper published confidential information not available to the public, and the law requires its protection. It can only be disclosed with the approval of the CMA or a judicial order.

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